In order to understand the desirability of the Harding neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the second quarter of 2014 is compared side-by-side to the second quarter statistics of 2013, with with the increase or decrease in results in the right hand column.
2nd Quarter 2013
2nd Quarter 2014
Average Home Price
Active Listings Inventory
Average Days On Market
% Of Sold Price To Listing Price
Home sales in 2014 increased to 69 from 57 in 2013, but the Average Home Sale Price decreased on average by about $24,000. At the same time there were fewer Active Listings in 2014 as well as fewer New Listings. Surely, fewer listings helped keep the prices up. Continually low interest rates helped with the increase in sales, with a lower sale price due to the increase in sales of condo apartments over detached homes. Despite everything, the Average Number of Days on the market increased from 20 in 2013 to 27 in 2014 which still isn't a real hardship for home sellers. The Percentage of Sold Price To Listing Price remained the same at 99% of asking price in 2014. Harding real estate is another indicator of the strength of the overall Richmond Hill Housing Market even if the strength lies in the increased sales of condominium apartments.
Number of Sales 2013
Number of Sales 2014
This is another example of Real Estate as a Great Investment. At present there is relatively low risk with excellent chances of increasing the value of your own estate. With homes selling at or close to full listing price in a relatively short length of time, Harding continues to be strong in Richmond Hill real estate and a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.